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HOW TO SPOT A TRADABLE MARKET TOP?
The daily chart below shows a clear overall trend which is to the downside. Trends are more likely to continue than they are to reverse, hence the saying “The Trend Is Your Friend.”
A key piece of data on this chart is the blue investing cycle line at the bottom. If this is trending down or below the 50 level, then money should be focused on profiting from falling prices via inverse ETF’s, short selling, or put options.
Equally important are the yellow and baby blue cycle lines at the bottom. When these enter the upper reversal zone, we should expect sellers to step into the market and for the price to fall.
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